Bank of America Corp DE boosted its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Get Rating) by 73.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,389,004 shares of the company’s stock after buying an additional 1,438,394 shares during the quarter. Bank of America Corp DE owned approximately 4.08% of SPDR Portfolio TIPS ETF worth $87,301,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Simplex Trading LLC bought a new stake in SPDR Portfolio TIPS ETF in the fourth quarter valued at about $43,000. PNC Financial Services Group Inc. grew its holdings in shares of SPDR Portfolio TIPS ETF by 36.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,167 shares of the company’s stock valued at $56,000 after purchasing an additional 574 shares during the last quarter. Belpointe Asset Management LLC bought a new position in shares of SPDR Portfolio TIPS ETF during the fourth quarter valued at approximately $85,000. Captrust Financial Advisors grew its holdings in shares of SPDR Portfolio TIPS ETF by 103.3% during the second quarter. Captrust Financial Advisors now owns 3,871 shares of the company’s stock valued at $107,000 after purchasing an additional 1,967 shares during the last quarter. Finally, WFA of San Diego LLC bought a new position in shares of SPDR Portfolio TIPS ETF during the fourth quarter valued at approximately $120,000.
SPDR Portfolio TIPS ETF Stock Down 0.6 %
NYSEARCA:SPIP opened at $25.82 on Friday. The stock has a 50 day moving average of $26.29 and a 200-day moving average of $26.17. SPDR Portfolio TIPS ETF has a 52 week low of $25.28 and a 52 week high of $28.68.
SPDR Portfolio TIPS ETF Profile
The SPDR Portfolio TIPS ETF (SPIP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of inflation-protected US Treasurys with a remaining maturity of at least one year. SPIP was launched on May 25, 2007 and is managed by State Street.
Further Reading
- Get a free copy of the StockNews.com research report on SPDR Portfolio TIPS ETF (SPIP)
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